Things never get cheaper. The only things that have reduced in cost is tech related because we kept making advancements as per Moore’s law.
The two things that matter, housing and food, are way way up.
The two things that matter, housing and food, are way way up.
Housing is weird because it just sucks up whatever leftover money people have. We all have to eventually spend all our income on something so it's impossible for everything to get cheaper in the long term. That doesn't mean we won't be able to afford stuff, just that we'll spend all our money just like we always have done.
Food would be encheapened by labour-free production just like products.